Zim makes great strides in import substitution

By Davison Vandira

THE country’s import substitution drive is bearing fruit with the launch of agricultural lime and gypsum product lines by the Zimbabwe Phosphate Industries (Zimphos) in Harare this Thursday expected to modernize the agriculture sector.

The landmark development is central to the country’s economic development as 60 percent of the population directly and indirectly relies on agricultural activities which contribute 20 percent to the Gross Domestic Product (GDP).

The immediate economic spinoffs are enhanced import substitution include reduction of agriculture costs, increased food security, employment creation.

Officially launching the products, Minister of Industry and Commerce, Dr Sekai Nzenza hailed the import substitution drive.

 “As a ministry we are very happy with what we are launching as it is a testimony of how our industry is moving in the right direction in Zimbabwe’s economic development journey,” she said.

Industrial Development Corporation of Zimbabwe Board Chairperson Mr. Winston Makamure indicated that the country will continue strengthening productivity value chains.

 “The milestone that we are witnessing is as a result of well calculated strategies to improve industry’s offering to the economy,” said Makamure.

Value addition and beneficiation are key elements in the implementation of the National Development Strategy One.